Senior Finance Executive
Job Summary
ECICS LIMITED is seeking an experienced Finance Executive to support daily financial operations, regulatory reporting, and financial controls within a regulated general insurance environment. The role involves managing month-end closes, preparing statutory financial statements, and ensuring compliance with accounting and regulatory frameworks. Candidates with a professional accounting qualification and background in the insurance industry are preferred.
Responsibilities
- Coordinate and support month-end and year-end close processes.
- Prepare statutory financial statements and regulatory returns.
- Review premium, reinsurance, and cash reconciliation work.
- Support management accounts, board packs, and audit requests.
Required Skills
- Professional accounting qualification (CA, ACCA, CPA)
- Minimum 5 years of finance/accounting experience
- Experience in General Insurance or Reinsurance industry
- Knowledge of insurance contract accounting (IFRS 17)
Job Details
Key Responsibilities
Financial Control & Close
- Coordinate and support month-end and year-end close: general ledger review, journal entries, trial balance, accruals and provisions
- Maintain the chart of accounts and ensure the integrity of the GL
- Prepare statutory financial statements under the applicable accounting framework (IFRS/SFRS(I)), including relevant insurance contract accounting requirements, for review by the Head of Finance
- Perform and support accounting assessments relating to insurance and reinsurance contracts, including premium recognition, claims liabilities and reinsurance accounting, and prepare supporting documentation for significant accounting judgments
Regulatory Reporting
- Prepare regulatory returns and solvency/capital adequacy submissions for review and sign-off by the Head of Finance
- Monitor the regulatory reporting calendar and coordinate the required information and supporting schedules to ensure filings are submission-ready ahead of deadlines
- Highlight potential reporting issues or exceptions to the Head of Finance for review.
Review & Controls
- Review premium, reinsurance, and cash reconciliation work prepared by other finance staff for completeness and accuracy before incorporation into the statutory accounts.
- Maintain and evidence internal controls over financial reporting; support external and internal audit requests
- Flag control gaps or single points of failure to the Head of Finance proactively
Management Reporting & Support
- Support preparation of management accounts, board packs, and combined ratio/loss ratio analysis where needed
- Liaise with external auditors, tax advisors, and the outsourced actuarial function on data requests and queries
- Provide accounting and reporting support to the Head of Finance on operational and ad-hoc finance matters.
Required Qualifications & Experience
- Professional accounting qualification (CA, ACCA, CPA, or equivalent)
- Minimum 5 years of relevant finance/accounting experience is essential
- Candidates with at least 2 years of experience in the General Insurance or Reinsurance industry are highly preferred and will be given priority consideration.
- Working knowledge of insurance contract accounting (IFRS 17 or equivalent) and regulatory reporting regimes (e.g., MAS requirements if Singapore-based)
- Experience preparing statutory accounts in an audited environment
- Able to work independently in a lean Finance team, exercise sound judgement within established policies and processes, and proactively identify and escalate issues when required.
- Working knowledge of Generative AI tools and the ability to use AI prompting techniques to support day-to-day finance, reporting and analytical tasks will be an added advantage.